The contributions of Thermodynamics to Economics have been masterfully pioneered by P. A. Samuelson in his Foundations of Economic Analysis, adapting the Le Châtelier Principle to relate changes in economic variables. Recent contributions have been given, including the economic counterparts of...

We develop a model of social interaction in which agents hold private beliefs but communicate public statements. We distinguish between two networks: an audience network shaping statements through social pressure, and an influence network governing belief updating. This separation drives a wedge...